WEBVTT REPORTER: THAT EXECUTIVE SESSIONLASTED MORE THAN TWO HOURS.UNIVERSITY OF LOUISVILLEFOUNDATION BOARD OF DIRECTORSCHAIRWOMAN SAYS THEY ARE FORMINGA COMMITTEE TO LOOK INTO THECLAIMS MADE IN THAT AUDIT.THE BOARD CHAIRWOMAN SAYS THEYWANT TO MAKE SURE THE AUDIT WASCOMPLETE AND CAREFUL.SHE SAYS THEY WANT TO GET MOVINGON THIS PROCESS.THEY WANT TO BE FAST IN THE NEXTSTEPS MOVING FORWARD.SHE SAYS THAT COMMITTEE WILLLOOK OVER THE AUDIT, GO THROUGHTHE CLAIMS, AND EVALUATE WHATSTEPS THE FOUNDATION NEEDS TOTAKE NEXT.THE AUDIT WAS RELEASED LAST WEEKCLAIMING THE FOUNDATION LACKEDOVERSIGHT.CLAIMING THEY MADE TOO MANYFOUNDATION -- FINANCIAL RISKSAND FOUND T FOUNDATION HADMISMANAGED INVESTMENTS FOR THEUNIVERSITY OF LOUISVILLE.THAT COMMITTEE WILL BE FOR HIMTO WILL BE LOOKING AT THE CLAIMSTHAT ARE MADE IN THE AUDIT.NOT ONLY DID THE BOARD VENDORSTO ME TODAY, BUT TOMORROW THEUNIVERSITY OF LOUISVILLE BOARDOF TRUSTEES WILL MEET.